Korn Ferry (NYSE:KFY) Short Interest Update

Korn Ferry (NYSE:KFYGet Rating) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,170,000 shares, a drop of 7.9% from the August 15th total of 1,270,000 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 346,200 shares, the short-interest ratio is presently 3.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KFY shares. StockNews.com downgraded shares of Korn Ferry from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Robert W. Baird cut their target price on shares of Korn Ferry from $72.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, September 8th. Truist Financial cut their target price on shares of Korn Ferry from $98.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, June 17th. Finally, The Goldman Sachs Group lowered their price target on shares of Korn Ferry from $83.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, June 7th.

Korn Ferry Stock Up 0.2 %

Korn Ferry stock opened at $49.39 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.18 and a current ratio of 2.18. Korn Ferry has a 52-week low of $48.81 and a 52-week high of $84.68. The firm has a 50 day moving average price of $61.05 and a two-hundred day moving average price of $61.24. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 8.14 and a beta of 1.41.

Korn Ferry (NYSE:KFYGet Rating) last released its quarterly earnings results on Wednesday, September 7th. The business services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.01). Korn Ferry had a return on equity of 22.49% and a net margin of 11.92%. The firm had revenue of $695.90 million for the quarter, compared to the consensus estimate of $697.04 million. During the same quarter in the previous year, the business posted $1.37 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts predict that Korn Ferry will post 5.49 EPS for the current year.

Korn Ferry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. Korn Ferry’s dividend payout ratio is currently 9.88%.

Institutional Trading of Korn Ferry

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Korn Ferry by 0.3% in the 1st quarter. BlackRock Inc. now owns 8,381,765 shares of the business services provider’s stock valued at $544,312,000 after acquiring an additional 28,155 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Korn Ferry by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 6,121,545 shares of the business services provider’s stock valued at $397,532,000 after acquiring an additional 285,620 shares in the last quarter. American Century Companies Inc. grew its position in Korn Ferry by 21.2% in the 1st quarter. American Century Companies Inc. now owns 1,875,967 shares of the business services provider’s stock valued at $121,825,000 after purchasing an additional 328,220 shares during the period. Invesco Ltd. grew its position in Korn Ferry by 11.7% in the 1st quarter. Invesco Ltd. now owns 1,783,944 shares of the business services provider’s stock valued at $115,849,000 after purchasing an additional 186,361 shares during the period. Finally, State Street Corp grew its position in Korn Ferry by 2.1% in the 1st quarter. State Street Corp now owns 1,780,282 shares of the business services provider’s stock valued at $115,821,000 after purchasing an additional 35,781 shares during the period. Institutional investors own 94.70% of the company’s stock.

Korn Ferry Company Profile

(Get Rating)

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.

Further Reading

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